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GST Master Guide Cum Reckoner : UPDATED TILL 31.05.2018
GST Master Guide Cum Reckoner is now available. The book contains Section & Rule wise Index, Due Dates (illustrating relevant notifications), complete CGST Act, IGST Act, and Compensation Cess Act and along with relevant rules, notifications, circulars, press release incorporated at relevant places. All the changes have been properly displayed. The book comes in 2 volumes. To Purchase: CLICK HERE
Monthly Journal
Monthly Journal (E-Book) covers articles on important topics, due dates, notifications/circulars/press releases/etc of the preceding month. It covers Income Tax, GST, Service Tax, Excise Duty, Custom Duty, Company Law, SEBI, RBI, Labour Law, IRDAI & Miscellaneous. To Subscribe: CLICK HERE
Income Tax
Caution for Online PAN applicants
The general public is hereby informed that the Income Tax Department (ITD), Government of India has appointed only two entities namely NSDL e-Governance Infrastructure Limited (NSDL e- Gov) and UTI Infrastructure Technologies Services Limited for purpose of receiving and processing of PAN applications. No other entity has been authorised to undertake this activity on behalf of ITD. NSDL e- Gov receives and processes PAN applications through TIN-Facilitation Centres / PAN Centres / Online requests. Details of the same are published in www.tin-nsdl.com. PAN applicants using NSDL e-Goo’s [..] Read more at:
http://onlinelawsolutions.com/caution-for-online-pan-applicants.html
Custom Duty
Electronic sealing-deposit in and removal of goods from Customs Bonded warehouse
The Warehouse (Custody & Handling of Goods) Regulations, 2016, the Special Warehouse (Custody & Handling of Goods) Regulations, 2016, Warehoused Goods (Removal) Regulations 2016 and circular 17/2016-Cus prescribe the affixation of a one-time-lock for transport of goods to be deposited in a warehouse or removed therefrom. 2. The regulations require that goods arriving at the warehouse from a customs station shall be affixed with a one-time-lock with its serial number endorsed upon the bill of entry for warehousing and the transport document. The warehouse keeper or bond officer, as the case may [..] Read more at:
GST
GST leads to Formalization of Economy and Widening of Tax Base
Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre had little data on small manufacturers and consumption because the excise was imposed only at the manufacturing stage while the States had little data on the activities of local firms outside their borders. Under the GST, there will be now seamless flow of availability of common set of data to both the Centre and the States making Direct and Indirect Tax collections [..] Read more at:
http://onlinelawsolutions.com/gst-leads-to-formalization-of-economy-and-widening-of-tax-base-.html
Guideline on Mobile Squad: Assam GST
Whereas GST regime has been implemented with the concept of 'One Nation - One Tax' without any trade barrier across the States; And whereas in tune with above principle, the State Government has already abolished all the Stationary check posts vide Govt. notification no FT.45/2017/37 dated 29/07/2017 with effect from the midnight of 31' July, 2017; And whereas for preventing evasion of tax and safeguarding the Government revenue, it is deemed necessary to have some mechanism in place to keep a tab on the movement of goods as well as place of business of a taxable person or the person [..] Read more at:
http://onlinelawsolutions.com/guideline-on-mobile-squad-assam-gst.html
E-Way Bill for Intra State movement in Delhi notified wef 16.06.2018
The national capital of India, Delhi has notified that the E-Way Bill is mandatory for intrastate movement of goods for all B2B transactions above Rs.1 Lakh only from 16th June 2018 In a notification issued today, Commissioner State Tax in consultation with the Chief Commissioner of Central Tax has asked to compulsorily fill e-way Bill inside Delhi for all B2B transactions above Rs.1Lakh only. Further, B2C transactions of any value do not require e-way bill for intrastate movement in Delhi. The notification said, “..no e-way bill in respect of the movement of goods originating and terminating within the state of Delhi (intra-State [..] Read more at:
Limit of Intrastate E-WayBill from Rs. 50,000/- to Rs. 1,00,000/-: West Bengal GST
Whereas, notifications under clause (d) of sub-rule (14) of rule 138 of the West Bengal Goods and Services Tax Rules, 2017 bearing No. 07/2018-C.T./GST dated 29.03.2018 and No. 11/2018-C.T./GST dated 30.05.2018 have been issued by the Commissioner notifying that no e-waybill shall be required to be generated where the movement of goods commences and terminates within the State of West Bengal (intra-State) till 31st day of May, 2018, and that the provisions of rule 138 related to furnishing of information prior to commencement of intra-State movement of goods and generation of e-waybill for such [..] Read more at:
Perishable or hazardous goods to be disposed of after seizure under section 67(8) of the Tamil Nadu Act 19 of 2017 – TAMIL NADU GST
In exercise of the powers conferred by sub-section (8) of section 67 of the Tamil Nadu Goods and Services Tax Act, 2017 (Tamil Nadu Act 19 of 2017)(hereinafter referred to as the said Act), the Governor Tamil Nadu hereby notifies the goods or the class of goods (hereinafter referred to as the said goods) mentioned in the Schedule below, which shall, as soon as may be after its seizure under sub-section (2) of section 67 of the said Act, be disposed of by the proper officer, having regard to the perishable or hazardous nature, depreciation in value with the passage of time, constraints of storage space or any other relevant [..] Read more at:
Amendments to Rules - Notification - Issued.: Tamil Nadu GST
In exercise of the powers conferred by section 164 of the Tamil Nadu Goods and Services Tax Act, 2017 (Tamil Nadu Act 19 of 2017), the Governor of Tamil Nadu hereby makes the following rules further to amend the Tamil Nadu Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Tamil Nadu Goods and Services Tax (Fifth Amendment) Rules, 2018. (2) Save as otherwise provided, they shall come into force from their date of publication in the official gazette. 2. In the Tamil Nadu Goods and Services Tax Rules, 2017, - (i) in rule 37, in sub-rule (1), after the proviso, the following proviso shall be [..] Read more at:
http://onlinelawsolutions.com/amendments-to-rules-notification-issued-tamil-nadu-gst.html
NOTIFYING PERISHABLE OR HAZARDOUS GOODS Under Section 67 (8) : Gujarat GST
In exercise of the powers conferred by sub-section (8) of section 67 of the Gujarat Goods and Services Tax Act, 2017 (Guj.25 of 2017)(hereinafter referred to as the said Act), the Government of Gujarat hereby notifies the goods or the class of goods (hereinafter referred to as the said goods) mentioned in the Schedule below, which shall, as soon as may be after its seizure under sub-section (2) of section 67 of the said Act, be disposed of by the proper officer, having regard to the perishable or hazardous nature, depreciation in value with the passage of time, constraints of storage space or any other relevant considerations of the [..] Read more at:
FIFTH AMENDMENT TO GGST RULES: Gujarat GST
In exercise of the powers conferred by section 164 of the Gujarat Goods and Services Tax Act, 2017 (Guj.25 of 2017), the Government of Gujarat hereby makes the following rules further to amend the Gujarat Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Gujarat Goods and Services Tax (Fifth Amendment) Rules, 2018. (2) Save as otherwise provided, they shall come into force from the 13th day of June, 2018. 2. In the Gujarat Goods and Services Tax Rules, 2017, - (i) in rule 37, in sub-rule (1), after the proviso, the following proviso shall be inserted, namely:- “Provided further that the [..] Read more at:
http://onlinelawsolutions.com/fifth-amendment-to-ggst-rules-gujarat-gst.html
MCA/LLP
LLP Designated partners to Intimate Changes in DIN / DPIN Details
In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely:— 1. (1) Short Title and commencement. – These rules may be called the Limited Liability Partnership (Amendment) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Limited Liability Partnership Rules, 2009, in rule 10, – (a) for sub-rule(1), the following sub-rule shall be substituted, namely: – “(1) Every individual, who [..] Read more at:
http://onlinelawsolutions.com/llp-designated-partners-to-intimate-changes-in-din-dpin-details.html
RBI
Auction of Government of India Dated Securities
The auction for securities will be price based using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the notifications (copies enclosed), which should be read along with the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018 issued by Government of India. 2. We wish to draw your attention, in particular, to the following: (i) The Stocks will be issued for a minimum amount of Rs.10,000/- (nominal) and in multiples of Rs 10,000/- thereafter. (ii) In all the auctions [..] Read more at:
http://onlinelawsolutions.com/auction-of-government-of-india-dated-securities.html
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